Tether eyes deeper dive into gold with new $100 million investment amid market boom

CryptoSlate
CryptoSlate
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Tether, the issuer of the world’s largest stablecoin USDT, is reportedly discussing deepening its investment in gold mining companies as part of its wider expansion strategy.

According to a Sept. 5 Financial Times report, the company has held discussions with mining and investment groups to explore opportunities across the entire gold supply chain.

If the plan materializes, it would allow Tether to participate in every stage of the process—from mining and refining to trading and royalties.

Tether has not responded to CryptoSlate’s request for comment as of press time.

Meanwhile, the discussions coincide with renewed strength in the gold market.

Investors seeking safe-haven assets during the current global economic environment have pushed the precious metal’s price to a new all-time high of $3,550 per ounce.

This price rally has created a favorable backdrop for Tether’s interest in the sector.

Tether’s gold...

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